India, Aug. 25 -- Gold prices ended roughly flat on Monday as the dovish remarks from the Federal Reserve Chair Jerome Powell last Friday indicating rate cuts kept market sentiment high amid a strengthening US dollar.
Front Month Comex Gold for August delivery edged down 60 cents (or 0.02%) to $3,373.80 per troy ounce today.
Front Month Comex Silver for August delivery fell by 32.60 cents (or 0.84%) to $38.677 per troy ounce today.
While delivering a speech on "Economic Outlook and Framework Review" at the annual Jackson Hole Economic Symposium in Wyoming last Friday, Powell conceded that downside risks to the job market were on the rise and added that with policy in restrictive territory, the baseline outlook and the shifting balance of...